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prochargedmopar
rank: 1000+ posts
Age: 41
Joined: 20 Dec 2008
Posts: 1727
Location: Granbury, TX
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And here's +13.8
EDIT: that was from 02, actually got in early again.....I let it cross the line and then pull back a couple on both trades........
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_________________
Great spirits have always encountered violent opposition from mediocre minds- Albert Einstein
I Trade Mightyone's Lucky Rabbits Foot Method
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ahdrewforex
rank: <50 posts
Joined: 29 Sep 2008
Posts: 22
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Hi Avery, thanks for the example. however, in your this example, the signal said "Wait", so do we still trade in this case like you have done?
| TheRumpledOne wrote:
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Just DRAINED THE BANKS for 5 pips - live trade in the TWO PERCENT CLUB.
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TheRumpledOne
rank: 1000+ posts
Age: 54
Joined: 14 May 2006
Posts: 6743
Location: Tucson, Arizona
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_________________
IT IS NOT WHAT YOU TRADE, IT IS HOW YOU TRADE IT!
You are on the internet - If you (google) search for it, you'll probably find it.
DRAIN THE BANKS T-shirts here: http://www.drainthebanks.com
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TheRumpledOne
rank: 1000+ posts
Age: 54
Joined: 14 May 2006
Posts: 6743
Location: Tucson, Arizona
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_________________
IT IS NOT WHAT YOU TRADE, IT IS HOW YOU TRADE IT!
You are on the internet - If you (google) search for it, you'll probably find it.
DRAIN THE BANKS T-shirts here: http://www.drainthebanks.com
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blud72
rank: <50 posts
Age: 37
Joined: 20 Jan 2008
Posts: 7
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Great system Avery!!!
I thought I would just spend a couple days trading various currencies in this fashion and I have been pleasantly surprised. In fact, I am not going back at all to other systems cuz this is just way too much fun. I changed the trade setting in my FXCM Trading Station to one click ordering with preset stop and limit of 10 pips to bracket the trade. When it hits the trigger, I don't think, just act...10 pips later...ka-ching!!
I am putting up my latest trade this morning.
Again...thanks for showing us this.
Trigger Time
1.1484 was the trigger up above. Just clicked a button to sell then...
Drain Into MY Bank
Easily dropped down to hit target 1.1474...Rinse and Repeat.
Now I should go post these trades in other forums... .gif)
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Last edited by blud72 on Thu Apr 16, 2009 6:38 pm; edited 1 time in total
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winny
rank: 50+ posts
Joined: 02 Jun 2008
Posts: 99
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| blud72 wrote:
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Now I should go post these trades in other forums...
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As I said before, I personally am not sure if it is a wise move to spread the word. I know TRO, and most others do have an other opinion. And yet I know that private traders can not influence the FX market. Still this system depends on working with the MT platform, and brokers might be able to ruin your fun in the end. So I would be carefull.
Its a great sytem, very unique, and if your a good trader with the right attitude then this thing will accelerate your trading profits even more.
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TheRumpledOne
rank: 1000+ posts
Age: 54
Joined: 14 May 2006
Posts: 6743
Location: Tucson, Arizona
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BREAKOUTS AND HOW TO (NOT) TRADE THEM
When the TRO_DYNAMIC_FIBS_SR_Trail displays the "BREAKOUT" message, you have 2 options:
1) Trade the breakout - should be obvious to the reader... just enter the trade in the direction of the breakout.
2) Wait for the reversal - this one is tricky. If you are a NEWBIE, use a 10 pip trigger instead of 5 and let the M15 breakout bar close. If you are not a NEWBIE, switch to M5 and wait for the bar to close. What you are waiting for is for price to stop and reverse direction - a candle of the OPPOSITE COLOR!!
3) What you do NOT want to do is enter a reverse trade on the bar that is breaking out unless you want the banks to drain you.
TRO_DYNAMIC_FIBS_SR_Trail in TRAINING WHEELS mode will NOT signal the "OK TO TRADE" message on a breakout bar.
See the "3" on the bottom in the chart above - my waiting for a white candle and entering at 130.38 was a "draining" experience for the banks.
NOW GET OUT THERE AND START DRAINING!!
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_________________
IT IS NOT WHAT YOU TRADE, IT IS HOW YOU TRADE IT!
You are on the internet - If you (google) search for it, you'll probably find it.
DRAIN THE BANKS T-shirts here: http://www.drainthebanks.com
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datugman
rank: <50 posts
Joined: 13 Apr 2009
Posts: 2
Location: Florida
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| TheRumpledOne wrote:
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BREAKOUTS AND HOW TO (NOT) TRADE THEM
When the TRO_DYNAMIC_FIBS_SR_Trail displays the "BREAKOUT" message, you have 2 options:
1) Trade the breakout - should be obvious to the reader... just enter the trade in the direction of the breakout.
2) Wait for the reversal - this one is tricky. If you are a NEWBIE, use a 10 pip trigger instead of 5 and let the M15 breakout bar close. If you are not a NEWBIE, switch to M5 and wait for the bar to close. What you are waiting for is for price to stop and reverse direction - a candle of the OPPOSITE COLOR!!
3) What you do NOT want to do is enter a reverse trade on the bar that is breaking out unless you want the banks to drain you.
TRO_DYNAMIC_FIBS_SR_Trail in TRAINING WHEELS mode will NOT signal the "OK TO TRADE" message on a breakout bar.
See the "3" on the bottom in the chart above - my waiting for a white candle and entering at 130.38 was a "draining" experience for the banks.
NOW GET OUT THERE AND START DRAINING!!
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great post, TRO. i've been practicing trading reversals the past couple of days and almost all of my losing trades have come from trading during breakout bars, so this helps a lot.
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Humble
rank: 150+ posts
Joined: 20 Mar 2009
Posts: 319
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| winny wrote:
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Still this system depends on working with the MT platform, and brokers might be able to ruin your fun in the end. So I would be carefull.
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If you are paying upwards of 40% of your profits in brokerage I don't think they would be too worried.
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winny
rank: 50+ posts
Joined: 02 Jun 2008
Posts: 99
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| Humble wrote:
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| winny wrote:
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Still this system depends on working with the MT platform, and brokers might be able to ruin your fun in the end. So I would be carefull.
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If you are paying upwards of 40% of your profits in brokerage I don't think they would be too worried.
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Paying 40% of my profits to the broker would be insane.
Perhaps you would like to pay that, Not me.
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